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18 Jun 2013 10:27 PM GMT
Telecom major Bharti Airtel on Monday announced completion of 5 per cent stake sales to Qatar Foundation Endowment for Rs 6,796 crore. Airtel has allocated 199,870,006 new equity shares at price of Rs 340 each share, representing 5 per cent equity stake in the company to QFE.
'This is a landmark transaction for India and its telecom sector and a vote of confidence from one of the most respected investors in the world,' Bharti Airtel chairman Sunil Bharti Mittal said.
'This is a landmark transaction for India and its telecom sector and a vote of confidence from one of the most respected investors in the world,' Bharti Airtel chairman Sunil Bharti Mittal said.
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